Someone hit me up about this one today very interesting, also a link to national nine news.
6 mill market cap with 4 mill in cash and interim results for Phase 3 due by around years end?
Australia insomnia market approx 250 mill per annum and costs the US is approx 63 billion per annum
I thought this would be trading at least in the 20-30 mill market cap range pre interim results considering there are other bios out there with less TAM and only phase 1-2 trading multiples of this company. Seems very under the radar.
Options are exercisable at 0.012 and 0.017 which is around 6-8 bags from here.
Think about this, if interim results are successful, this should be 100-200 mill market cap + on those results alone.
Definitely worth a punt down at these levels for a shot at a 100 bagger considering the target audience.
GL all
AVE Price at posting:
0.2¢ Sentiment: Buy Disclosure: Not Held
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